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Latest News
One week left to apply for big bonuses from American Express + MORE Sep 14th
American Express summer acquisition campaign ends in exactly one week! The campaign provides massive bonuses and accelerated earn rates on eleven cards from their portfolio. Reminiscent of last year's summer campaign which heralded the best ever bonuses on seven cards, this year's offers are some of.... More »
November 6 Update: Marriott Rewards MORE shutting down on November 15, Aeroplan Park'N Fly bonus and more + MORE Nov 7th
Marriott Rewards will be shutting down their online shopping portal. Not good news for those of you who wanted to collect some more Marriott Rewards points for the Christmas shopping season! Called Marriott Rewards MORE and only launched over a year ago the portal failed to gain traction and nev.... More »
April 17 Update: Jet Airways suspends all operations, fly Air Italy from Toronto to Rome for under $750 & more! Apr 18th
Late last week India's Jet Airways cancelled all their international flights including those to and from Toronto amidst serious financial trouble. Since that time they were only flying domestic flights but it appears that as of today those have come to an end as well. If you were booked for any .... More »
Earn up to 6,000 Bonus Aeroplan Miles on Air Canada flights to Asia + MORE Oct 16th
Air Canada launched a new flight bonus promotion for travel to Asia last week. This offer provides up to 6,000 bonus miles for the flights we list below. Always great to have a bonus for flights that you may be planning (the bonus is available on bookings made prior to October 11) and maybe if you a.... More »
September 21 Update: Fly Turkish Airlines out of Canada for as little as $719 and the Lenovo Amex Offer is available on all Amex cards + MORE Sep 21st
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. Turkish Airlines has a seat sale with some great fares for their flights out of Canada. You can fly Toronto to Amman for as little as $719, Mon.... More »
Oct 16 Update: Foreign Transaction Fees added to more comparison charts, Etihad Airways Partners, 16 new bonuses
– RewardsCanada.ca
Here are your Thursday offerings! News, Tips & Tricks Have you voted yet? Vote for your favourite Travel Rewards Credit Card in our 2014 Canada’s Choice survey! Vote at rewardscanada.ca/vote We have further updated our Credit Card Comparison Charts with Foreign Exchange Transaction fees. Before we only listed them on the chart that compared all the credit cards but now you’ll find them on the following charts: Most Popular Airline Hotel Hybrid Travel Points Etihad Airways which serves Toronto three times per week from their Abu Dhabi hub have announced “Etihad Partners” a tighter conglomeration of 6 airlines (many of which are owned or partly owned by Etihad). This new pseudo airline alliance which has the possibility of growing into a full fledged one based on wording in their press release sees stronger ties between Etihad and air berlin, air Serbia, Air Seychelles, Etihad Regional (operated by Darwin Airline) and Jet Airways. You can book one ticket to travel on their combined network of over 250 destinations and it will see an alignment of each airlines’ frequent flyer programs in terms of elite tiers, mileage earning and more…Spending Season Savvy
– ratesupermarket.ca
Forget the sweater weather and pumpkin spice lattes – fall is spending season; from back-school to trick-or-treat, it seems there’s a reason each week to go beyond the budget. It takes real consumer savvy to keep autumn costs down – so this week, MoneyWise brings you ways to save in the kitchen, in your wallet, and on your house hunt. Read on for today’s top headlines.
In Mortgages: The 7-Year Itch: Is Your Condo Built to Last?
Condos are booming in Canada, especially in big urban centres like Toronto. But as developers race against steep demand, are they sacrificing quality? Recent headlines of falling glass and shoddy workmanship have many cautious buyers second guessing their condo purchase.
How can you tell if your new condo will outlast its warranty? Read on for our tips on selecting a solidly-built home.
Read Rubina’s Blog | Is Your Condo Built to Last?>
In Credit Cards: Costco Credit Card Switch: Are Consumers Missing Out?
Wholesale club retailer Costco changed up its credit card rewards partnerships this year, switching from American Express to MasterCard as the officially accepted card in store…
Retail cards, the Rodney Dangerfields of credit, deserve respect
– creditcards.com
Store cards get a bad rap. But closing even an unused retail card can hurt credit utilization and lower your credit score
Loan-loss provision weighs on credit card company Capital One’s 3Q profit; stock drops
– canadianbusiness.com
MCLEAN, Va. – A bigger buffer against loan losses weighed on Capital One Financial Corp.’s third-quarter earnings.
The McLean, Virginia-based company said Thursday that it had profit of $1.08 billion, or $1.86 per share. But analysts expected $1.95 per share, according to FactSet. A year ago, profit came to $1.11 billion, or $1.84 per share.
Capital One set aside $993 million for future losses, up 17 per cent from a year earlier.
Shares fell 2.5 per cent to $76.60 in after-hours trading.
The credit card issuer and bank posted revenue of $5.64 billion in the period, which topped Street forecasts. Analysts expected $5.54 billion, according to Zacks Investment Research. A year ago, revenue came to $5.65 billion.
Loans on credit cards in the U.S. totalled $73 billion, up 5 per cent from a year ago.
Capital One shares had ended regular trading down 68 cents to $78.53. The company’s shares have increased 2.5 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased nearly 1 per cent…
The McLean, Virginia-based company said Thursday that it had profit of $1.08 billion, or $1.86 per share. But analysts expected $1.95 per share, according to FactSet. A year ago, profit came to $1.11 billion, or $1.84 per share.
Capital One set aside $993 million for future losses, up 17 per cent from a year earlier.
Shares fell 2.5 per cent to $76.60 in after-hours trading.
The credit card issuer and bank posted revenue of $5.64 billion in the period, which topped Street forecasts. Analysts expected $5.54 billion, according to Zacks Investment Research. A year ago, revenue came to $5.65 billion.
Loans on credit cards in the U.S. totalled $73 billion, up 5 per cent from a year ago.
Capital One shares had ended regular trading down 68 cents to $78.53. The company’s shares have increased 2.5 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased nearly 1 per cent…
Costco Credit Card Switch: Are Customers Losing Out?
– ratesupermarket.ca
Costco did a bit of card shuffling back in September, when it announced it would no longer be accepting American Express cards at its Canadian stores as of January 1, 2015. Previously, Amex was the only credit card accepted at Costco and together the companies offered a partnership card called TrueEarnings, now discontinued.
The change-up is specific to Canada, and comes after the companies were unable to reach an agreement ahead of their contract expiry at the end of December. In a phone interview with The Globe and Mail, David Barnes — a spokesman for Amex in Canada — said “The terms of the contract was up, Amex and Costco entered into negotiations and were unable to come to terms. This is very specific and exclusive to Canada.”
How does the news affect Costco customers? TrueEarnings cardholders are being switched over to the new Amex SimplyCash card and MasterCard will now be the accepted credit card at Costco Canada stores. Those being migrated over will not lose their Costco membership…
